Rio Tinto Predicts New Copper Mine Will Be Built In Western Australia

Jean-Sebastien Jacques, the chief executive of global miner Rio Tinto, says he is very confident that a new copper mine will be built at the site of a copper discovery in Western Australia recently confirmed by the miner.

But whether or not Rio Tinto actually builds and operates that mine is another question, and one Mr Jacques says is too early to answer.

Mr Jacques gave the bright assessment of Rio's copper discovery at the company’s new Amrun bauxite mine on Cape York near Weipa, after an official ceremony declaring the $2.6 billion bauxite mine open.

He made the comments about the WA discovery, which Rio confirmed to the market in late February as it reported its full year results, in response to a question about the miner's possible growth agenda.